Every month it seems there is a new and unique way to utilize technology to make our lives easier – from the robot vacuum that will give you a spotless floor, to a water bottle that simply reminds you to take a sip. When it comes to your personal finances, however, robotic management is a reasonably new concept, that may seem like a big leap of faith.

You may be asking yourself “What is a robo-advisor, exactly?” and the answer is fairly straightforward.

Many of us have heard of or even own critical illness insurance on our own lives because we recognize the financial impact it could have – our healthy spouse will likely take time off of work, we may need to hire extra help around the house for our kids, we possibly need to travel to find the best care, or maybe the drugs or treatments are not covered. But many of us have not considered the impact of one of our kids having an illness. I can almost guarantee you haven’t considered buying this coverage for your kids or grandchildren as a gift! It’s hard to think about anything bad happening to our kids, but the reality is it happens and when it does, the financial impact could be catastrophic. All of the expenses listed above would continue to be a reality, but to add to it, there would probably be a drop in both parent’s incomes.